05 June 2008 15:46 [Source: ICIS news]
TORONTO (ICIS news)--Switzerland’s chemical and pharmaceutical industry association SGCI Chemie Pharma on Thursday welcomed a vote by the country’s parliament not to allow parallel imports of patented products.
The vote by the Nationalrat against parallel imports would ensure that innovation, a key contributor to the country’s welfare, remained protected, SGCI said.
Proponents of parallel imports had argued that such imports would help reduce product prices which were much higher in ?xml:namespace>
The practice of parallel imports occurs when producers or distributors set different prices for their products in different markets. Pharmaceutical firms are among its most vehement opponents.
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